Offshore Technology · July 8, 2026 (10h ago) · 1 min read

Oil and gas industry witnessing a transformation with Industrial Internet

GlobalData forecasts that the global Industrial Internet market will reach $553bn in revenue by 2029, up from $259bn in 2024.

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Oil hits two-week high after Trump says Iran peace deal is over

Oil prices rose more than 5% on Wednesday, 8 July, hitting a two-week high after US President Donald Trump said the peace deal with Iran was over, reviving fears of supply disruptions in the Middle East.

Offshore Technology · July 8, 2026

Eni Starts Building Italian Battery Hub, Agrees Chilean Lithium Investment

Eni broke ground for a project to produce lithium-iron-phosphate batteries at the Brindisi industrial site in Italy, as well as announced an agreement to acquire a stake in a Chilean lithium project.

Rigzone · July 8, 2026

$1.13 billion injection from UAE player fuels growth of EIG’s LNG arm

Offshore Energy · July 8, 2026

Oil and LNG Tankers Make U-Turns After Fresh Hormuz Escalation

OilPrice · July 8, 2026

Equinor Awards Contracts for Norway Tiebacks

Rigzone · July 8, 2026

Dolphin Drilling’s 52-year-old rig secures longer run in India’s oil & gas exploration game

Offshore Energy · July 8, 2026

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